FNG Exclusive… Further to our (exclusive) report from yesterday that longtime OANDA executive David Hodge was leaving the company, FNG has now learned that Mr. Hodge will be joining Retail FX and CFDs broker Skilling as that firm’s new Chief Marketing Officer (CMO), and effective “#2” to Skilling CEO Michael Kamerman. The appointment will only…
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Shares of leading UK online broker CMC Markets plc (LON:CMCX) traded down by about 6% early Wednesday, after the company released its results for the first half of Fiscal 2022 (CMC has a March 31 fiscal year end). CMC Markets reported Revenues (or what it terms Net Operating Income) of £126.7 million for the six…
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It has been almost a year since Matthew T. Shafer, who worked as a financial advisor at Morgan Stanley for nine years from 2009–2018, has taken the company to Court. Now, the parties in the lawsuit are arguing whether they should resort to arbitration in order to resolve the dispute. According to documents file with…
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The UK Financial Conduct Authority (FCA) today posted its latest Market Watch, sharing its concerns about gaps in users’ surveillance of web-based platform activity. In particular, the regulator is concerned that requirements for market abuse surveillance are still not being fully met, ffive years after the introduction of the Market Abuse Regulation (MAR) in 2016….
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FNG Exclusive… FNG has learned that longtime OANDA senior executive David Hodge has resigned from the company. We understand that Mr. Hodge, based in London, is currently working on some continuing commitments to OANDA but has already stepped off the board of the group’s FCA regulated entity, OANDA Europe Limited. We also understand that after…
Cboe Global Markets, Inc, a leading provider of global market infrastructure and tradable products, will present its strategy and path to achieving new medium-term financial targets today at its 2021 Investor Day. “We plan to leverage our global scale, customer-led product and market innovation and superior technology across our ecosystem to drive revenue growth and…
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More than two months have passed since the United States Securities and Exchange Commission (SEC) launched an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded retail investors out of $2 billion. Today, it turned out that the SEC…
Read More “SEC still unable to locate founder of BitConnect” »
Eurex and the Korea Exchange KRX will expand their tradable product range with Weekly Options on the Korean benchmark index KOSPI 200. With weekly expirations on one of the world’s most heavily traded index options contracts, the two exchanges are expanding their around-the-clock ecosystem for KOSPI derivatives. Thereby, both exchanges emphasize once again their decade-long…
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The United States Commodity Futures Trading Commission (CFTC) is seeking nearly $5.8 million in restitution from fraudulent trading scheme Long Leaf. This becomes clear from recent filings at the Illinois Northern District Court. The regulator has moved the Court for partial summary judgment against Long Leaf Trading Group, Inc, on all claims set forth in…
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As of December 6, 2021, Special Purpose Acquisition Companies (SPACs) can be listed and traded on the SIX Swiss Exchange. Authorization from all of the relevant authorities has been obtained, SIX said today. The new listing standard for SPACs caters for the specific characteristics of these vehicles while upholding an appropriate degree of investor protection….
